Wired Digital, based in San Francisco, will add Reddit to its stable of online properties, which include Wired Magazine and Wired News. Reddit's four founders--Steve Huffman, Alexis Ohanian, Aaron Swartz and Chris Slowe--will relocate from Boston to Wired Digital's San Francisco headquarters.

"Our goal will be to build Reddit as an independent company by collaborating with Wired through the integration of its core technology, and by offering partnerships to allow other companies to do the same," Kourosh Karimkhany, general manager of Wired Digital, said in a statement.